BDO backing for Bahrain economy report

Manama, January 17, 2011

Oxford Business Group (OBG), the global publishing, research and consultancy firm, has teamed up with BDO Bahrain for a second consecutive year in preparation for its forthcoming report on the kingdom's economy.

The collaboration will see BDO Bahrain provide the OBG's editorial and research team with business intelligence on the kingdom's tax system, against the broader legal and commercial landscape, for The Report: Bahrain 2011.

The partnership for the report marks OBG's seventh analysis of Bahrain's economic activity and investment opportunities.

BDO Bahrain is a leading firm of public accountants and management consultants which has been providing one-stop shop advice for businesses, particularly those involved in entrepreneurial management, for almost three decades.

As a member firm of BDO International, which has some 1,000 offices in more than 100 countries, the company provides accounting and auditing as well as tax and consultancy services on an international level.

OBG's country director Syanna Swyers said that the group's first year of collaboration with BDO Bahrain had undoubtedly given its 2010 report an added dimension, particularly in its wide-ranging analysis of the business-friendly environment the kingdom offers investors.

'Bahrain has made impressive progress in diversifying its economy away from hydrocarbons, with high-value sectors, such as manufacturing, ICT and logistics now staking a significant claim in the kingdom's economic development,' she said.

'I am delighted that BDO Bahrain will once again share its expert knowledge of the kingdom's legal and commercial environment with our research and editorial team,' she added.

'I am also confident that we will continue to raise the bar with our coverage of the country's ongoing development,' Swyers said.

BDO Bahrain senior partner Jawad Habib Jawad said that Bahrain's success in introducing economic reforms and bringing the private sector centre stage had heightened the need to ensure up-to-date business intelligence was made available to international investors.

'Bahrain's niche as the financial centre of the Gulf and the development of its non-oil sector continue to produce a number of exciting opportunities for business representatives worldwide and OBG reports have long relayed this information accurately and comprehensively,' he said.

'BDO Bahrain is looking forward to consolidating the good relations we already enjoy with the group, which is known to be a market leader on emerging economies, by expanding our role in the compilation of data for its new report,' Jawad added.-TradeArabia News Service